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China Says Regulators Will Work to Unclog Monetary Transmission

Stocks Boards And Chinese Yuan Banknotes As China Devalues Yuan By Most In Two Decades
Photographer: Tomohiro Ohsumi/Bloomberg
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China said it will pay more attention to “unclogging” the transmission mechanism of monetary policy in order to support the real economy.

The nation needs to balance between stabilizing economic growth and preventing risks, according to a statement published on the State Council’s website on Friday, following a meeting of the Financial Stability Development Committee led by Vice Premier Liu He.